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The Playbook With David Meltzer

The #1 Aspect of Closing More Deals | Marc H. Morgenstern, Founder of Blue Mesa Partners

The Playbook With David Meltzer

David Meltzer, Entrepreneur.com

Entrepreneurship, Business, Careers

4.61.9K Ratings

🗓️ 3 December 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

Marc H. Morgenstern, Founder and Managing Partner of Blue Mesa Partners, sits down to discuss why telling the right story is the beginning of any sale, as well as how selling encyclopedias door-to-door helped him to understand the importance of “emotional buy-in” for closing deals. Morgenstern and host of #ThePlaybook, David Meltzer, chat about a range of topics including why Marc looks towards The Grateful Dead for philosophical insights and guidance, the benefits of repetition during a negotiation, as well as why dealmakers need to lead with emotion and close with analysis. Morgenstern also shares some of the most valuable negotiation tips from his book, The Soul of the Deal: Creative frameworks for buying, selling, and investing in any business. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

This day, Melchor with Opera Panor is the playbook, and I got a new playbook for you, Mark

0:05.1

Morgan Stern. He is the CEO of Blue Mesa Partners. He's an expert of value, and I wanted to have

0:12.4

him on the playbook because there has been a shift in the paradigm of value and negotiation,

0:17.5

and I've been blessed now to have Mark welcome to the playbook.

0:24.1

Well, thank you so much. Look forward to talking with you and your audience.

0:28.0

Absolutely. Well, you know, I come from a line of great negotiators. I ran the most notable sports

0:33.3

agency in the world with Lee Steinberg's Sports Entertainment and Lee wrote a book about negotiation,

0:39.7

and a lot of people's perception of negotiation is a scarce one. It's one of a zero sum game with

0:47.0

winners and losers in comparison, and it's one in which there's trades and negotiation within

0:52.8

the context of taking value, not adding value, and so I wanted to start with just your general

1:00.1

perception of abundance. Do you think that negotiation can be a platform for abundant behavior,

1:08.0

or is it definitely a competition, a trade, is it scarce in its basic nature?

1:15.6

So I'll start by being uncooperative and say I never answer binary questions because I don't

1:21.0

believe in the concept of binary. I just will lead into what I think of negotiating.

1:26.2

Beautiful. So I tend to think, oops, I missed something there. I tend to think of a couple of

1:34.1

basic things when I'm negotiating. You know, it starts always with who is the counterparty, always.

1:40.7

It can't start with me. I have to figure out who they are and what they need and what they want,

1:47.9

and what their vocabulary is, and what's being conveyed to me when they say certain things

1:54.7

to make sure I hear it correctly. That's sort of at the human level because

1:59.5

one of my maxims is that the epicenter of every deal are people, not spreadsheets.

2:05.6

I think you kind of have to start with that one, right? Beautiful. The second is I, part of the

2:11.6

reason why the Grateful Dead is both a metaphor and it is literal in terms of having influenced me.

...

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